The EU says it will extend antidumping duties to cover South Korea's polyester staple fibres, but will reduce tariff rates on these items.

Under the new ruling, tariffs of up to 10.6 per cent will be placed on South Korean polyester fibres.

The EU has also extended duties to China and Saudi Arabia, but has ended tariffs on Taiwanese PSF.

South Korea's exports of PSF to the EU leapt 43 per cent to USD150 million last year.

European countries fear a surge of cheaply produced imports from Asian countries after the global system of textile export quotas expired at the start of January.